Zacks Research Downgrades Xtep International (OTCMKTS:XTEPY) to Strong Sell

Xtep International (OTCMKTS:XTEPY) was downgraded by stock analysts at Zacks Research from a “strong-buy” rating to a “strong sell” rating in a note issued to investors on Wednesday, Zacks reports.

Xtep International Stock Down 2.6%

Shares of OTCMKTS XTEPY opened at $44.75 on Wednesday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.02 and a current ratio of 2.37. Xtep International has a 12 month low of $44.00 and a 12 month high of $84.94. The company has a 50 day simple moving average of $46.97 and a two-hundred day simple moving average of $54.78.

About Xtep International

Xtep International Holdings Limited engages in the design, development, manufacture, sale, and marketing and brand management of sports footwear, apparel, and accessories. The company sells its products primarily under the XTEP brand, as well as Palladium, K-Swiss, Saucony, and Merrell brand names. It is also involved in the trading of sportswear products. As of March 18, 2021, the company managed an extensive distribution network with exclusive distributors that operated approximately 6,000 stores covering 31 provinces, autonomous regions, and municipalities in the People's Republic of China and internationally.